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Towards a Causal Model and Causal Inference of Regional Entrepreneurship Development Index, its antecedents and outcomes in European regions

Author

Listed:
  • Behnam Azhdari

    (Department of Management, Khark Branch, Islamic Azad University, Shohada St. Khark Island, Boushehr, Iran)

  • Jean Bonnet

    (Normandie Univ, Unicaen, CNRS, CREM, 14000 CAEN, FRANCE)

  • Sébastien Bourdin

    (EM Normandie Business School, Métis Lab, 9 rue Claude Bloch, 14000 CAEN, FRANCE)

Abstract

While the literature on entrepreneurial ecosystems (EEs) is growing, there is still a scarce literature on the causal effect between the components of the EEs and between the EEs and regional development. Our paper fills this gap and empirically identify the causal relationships between the EEs' components and the causal effect of the EE on regional development. We show that the growth of GDP/Inhabitant in European regions is only directly determined by the creation of new firms with a strong ambition to grow and create many jobs. The perception of regional opportunities and the risk acceptance are primitive points at the origin of most of the crucial nodes of successful entrepreneurial ecosystems in European regions.

Suggested Citation

  • Behnam Azhdari & Jean Bonnet & Sébastien Bourdin, 2022. "Towards a Causal Model and Causal Inference of Regional Entrepreneurship Development Index, its antecedents and outcomes in European regions," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2022-06, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    • Handle: RePEc:tut:cremwp:2022-06
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    References listed on IDEAS

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    More about this item

    Keywords

    Entrepreneurial Ecosystem; REDI Components; Causal Models; Bayesian Networks; Bayesian Inference;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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